‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSEC Awards $40 Million to Two Whistleblowers
The Securities and Exchange Commission today announced awards of approximately $40 million to two whistleblowers whose information and assistance contributed to the success of an SEC enforcement action. The first whistleblower, whose information caused the opening of the investigation and exposed difficult-to-detect violations, will receive an award of approximately $32 million. The first whistleblower also […]
SEC Enforcement Director Urges Market Participants to Practice “Proactive Compliance” | Cadwalader Cabinet
New SEC Division of Enforcement Director Gurbir Grewal urged firms to focus on “proactive compliance” to ensure that they are continually tailoring their compliance strategies to evolving technologies and regulations. In his first speech as Director, Mr. Grewal cautioned firms against the assumption that if “regulators are particularly focused on issues ‘X’ or ‘Y’ in […]
SEC Chief to Wall Street: The Everything Crackdown Is Coming – AdvisorHub
The joke in Washington is that Gary Gensler could inspire his own version of the game, “Drink Every Time…” The rules: Down a shot every time the U.S. Securities and Exchange Commission chief says he’s “asked the staff” to consider new regulations. Gensler has “asked the staff” about oversight for crypto — drink. For online […]
SEC Digs Deeper Into Companies’ EPS Manipulation – WSJ
The Securities and Exchange Commission’s review of companies’ earnings per share has brought cases against three firms over the past year or so, and could come into greater focus under the regulator’s new leadership. The initiative, launched a few years ago, reviews earnings per share for the majority of U.S. public companies at least once […]
Cryptocurrency questions and answers with the experts
CNN Business talked to the biggest names in the crypto space — from billionaires who have made fortunes on crypto, to fierce detractors who argue that its societal costs outweigh any potential benefits — to answer your most pressing cryptocurrency questions. Listen to our assembled panel of experts, dig in and make up your mind […]
Ripple lawsuit raises hopes as ‘Crypto Mom’ condemns SEC policy – FinanceFeeds
Hester Peirce, who has recently published a statement together with Commissioner Elad Roisman against the way the agency is regulating cryptocurrencies, has delivered her harshest assessment yet at an interview with Yahoo Finance. “It is disconcerting to me that for three years now I’ve been asking for regulatory clarity, and we can’t seem to provide […]
U.S. Won’t Ban Crypto Like China, Says SEC Chair Gensler – Bloomberg
Securities and Exchange Commission Chair Gary Gensler has had multiple dust-ups with crypto firms but even he says the U.S. won’t follow China’s lead in banning digital tokens. Gensler said Tuesday that the government’s focus is on ensuring that the industry adheres to investor and consumer protection rules, anti-money laundering regulations and tax laws. He […]
Warren urges SEC to open insider trading probe into Fed Vice Chair Clarida, others
Sen. Elizabeth Warren on Monday urged the Securities and Exchange Commission to investigate whether three Federal Reserve leaders violated insider trading rules in 2020, when they bought and sold assets as the central bank ramped up efforts to save the U.S. economy from economic turmoil. Warren, who sits on the congressional committee that oversees the […]
Coinbase Avoids SEC Clash by Dropping Crypto Lend Product
While Coinbase’s decision to forgo its planned launch of Lend apparently avoids a head-on collision with the SEC, the events of the past month demonstrate both the SEC’s readiness to pursue enforcement action in the digital asset space as well as the crypto industry’s dissatisfaction with the guidance provided by the SEC regarding the ground […]
Is Stock Market Rigged? Insider Trading by Executives Is Pervasive, Critics Say – Bloomberg
No one is claiming to know if Filler or any of the other TipRanks stars are taking advantage of nonpublic information. Poker legend Doyle “Texas Dolly” Brunson made five final tables in his career, after all, and it’s possible to get lucky enough to flip a coin and hit heads a bunch of times in […]